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please show work The information below is taken from the general ledger of The Wendy Company for the month of November 2020: Cost of Goods
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The information below is taken from the general ledger of The Wendy Company for the month of November 2020: Cost of Goods Sold $245,000 7,000 5,000 63,000 Accounts Receivable Freight-Out Salaries and Wages Expense Inventory Rent Expense Sales Unearned Fees Accounts Payable Dividends 10,500 36,000 410,000 12,500 7,500 3,000 a. Prepare a multi-step income statement in good form. Operating Expenses: Total operating expenses b. What is the gross profit rate? b. What is the gross profit rateStep by Step Solution
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